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Dec 28, 2012
12/12
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the bottom line is, you've got one person objecting, mitch mcconnell. i like mitch mcconnell. he's not a terrible guy. but he keeps objecting and that's going to be the problem. he's going to be the decider on this. if he can get his caucus to coalesce and get 60 votes or no objections, something's going to come out of the senate. it's too late to get it done by january 1st. we're going off the cliff, boys. >> all right. how far -- >> i want to try out my idea. >> okay. >> because i still think we're talking about end of january, early february. that's where this goes. when do you think this happens? is it a massive grand bargain? ultimately has to happen, that deals with the debt ceiling, as well? are we talking about a baby deal middle of january? what does it look like? >> i think middle of january, they'll have it all wrapped up by the time -- listen, they get all sworn in on january 3rd, believe me they don't want to stick around. but they're going to have to. so the longer they sit around here the more upset they're going to be. and at that point everything is expired. s
the bottom line is, you've got one person objecting, mitch mcconnell. i like mitch mcconnell. he's not a terrible guy. but he keeps objecting and that's going to be the problem. he's going to be the decider on this. if he can get his caucus to coalesce and get 60 votes or no objections, something's going to come out of the senate. it's too late to get it done by january 1st. we're going off the cliff, boys. >> all right. how far -- >> i want to try out my idea. >> okay....
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Dec 24, 2012
12/12
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i think a lot of it depends on mitch mcconnell, the senate minority leader, if he decides to allow a bill to move forward on the floor. >> is there anything going on behind the scenes that we don't know about? >> there is. the president's playing golf in hawaii. there's nothing going on behind the scenes. >> there's not some -- >> meetings going on in the white house, there's not staff -- >> lining up a putt? >> no, which is difficult, because there's lots of other stuff that has to go into what the president talks about before he left on friday, which is the tax rates. he didn't talk about payroll tax cut, amt, a number of things. there's a lot that has to go into a final deal and how they get that done. >> my worry is we're not talking about early january, we're talking about late january. >> i think it's probably more mid january if we go over. because i think you'll see market reaction, and you'll see a lot of people freak out, and it's a problem. >> market reaction, would you think -- >> people still think it's, you know, we get a deal. last-minute deal. i tend to be an optimist
i think a lot of it depends on mitch mcconnell, the senate minority leader, if he decides to allow a bill to move forward on the floor. >> is there anything going on behind the scenes that we don't know about? >> there is. the president's playing golf in hawaii. there's nothing going on behind the scenes. >> there's not some -- >> meetings going on in the white house, there's not staff -- >> lining up a putt? >> no, which is difficult, because there's lots of...
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Dec 31, 2012
12/12
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>> not a given, but i think the chances are pretty good that if mitch mcconnell comes out, strikes a deal, blesses it, it gets 60 plus votes in the senate, which means some -- a slug of republicans are going along with democrats to vote for it, they might lose some democrats on it, i think then it would be very difficult for john boehner on the last day to keep that off the house floor. john boehner has followed what denny hastert used to impose as the majority of the majority rule. you don't bring something to the floor unless most of your members are for it. i think john boehner in this case would be willing to set that aside. he would have something else for his members to vote for, which would be more favorable to those die hard conservatives who oppose the deal, but i think he would put it on the floor and i think eld pass. >> joining us now on the set is republican congresswoman shelly moore-capito and democratic congressman greg meeks from new york. congresswoman, i think he could do that and bring it and still be fine on january 3rd. is that your view? he would be re-elected
>> not a given, but i think the chances are pretty good that if mitch mcconnell comes out, strikes a deal, blesses it, it gets 60 plus votes in the senate, which means some -- a slug of republicans are going along with democrats to vote for it, they might lose some democrats on it, i think then it would be very difficult for john boehner on the last day to keep that off the house floor. john boehner has followed what denny hastert used to impose as the majority of the majority rule. you...
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Dec 31, 2012
12/12
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as you may know by now, mitch mcconnell just arrived on capitol hill a few moments ago. we'll be waiting to see whether senator mcconnell's discussions with the vice president, joe biden, have produced a working deal. we've bp getting headlines all morning long, major progress, not at all like the headlines we were getting last night which was quite the opposite. of course, as the headlines become available, we'll be bringing them to you live. for the last day of the year, it is more high drama than we're used to. >> it is. the markets really are holding pretty steady in light, despite this dram a i should say. the dow down by about .10%. the nasdaq has been powering higher in this session, in terms of the major indices. up by about .6%. fairly calm in the markets so far. >> we'll see if john harwood changes any of that. we go to washington with breaking news. john? >> carl, i just spoke to a republican source close to the talks who gave this update. vice president biden and senate republican leader mitch mcconnell last talked at 6:30 this morning. they not only talked a
as you may know by now, mitch mcconnell just arrived on capitol hill a few moments ago. we'll be waiting to see whether senator mcconnell's discussions with the vice president, joe biden, have produced a working deal. we've bp getting headlines all morning long, major progress, not at all like the headlines we were getting last night which was quite the opposite. of course, as the headlines become available, we'll be bringing them to you live. for the last day of the year, it is more high drama...
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Dec 26, 2012
12/12
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no signs of progress and the republican leadership aide in the senate, mitch mcconnell is going to be crucial to a potential last minute breakthrough. we haven't heard anything from the democrats. so at this moment, we're at a stalemate but things can come together quickly if people start to get desperate and politicians start to worry that they will get blamed for a very adverse reaction in the markets and the economy generally. >> some people i've talked to today suggested the mere fact the president is coming back from hawaii early on suggests good tidings. >> well, i think it suggests the president wants to be working on this problem and be seen as working on this problem, but it's only partially up to him. he's got to get the acquiescence of republicans and a temporary extension of tax cuts for people under $250,000. their acquiescence to turn off the sequester to avoid the automatic budget cuts are up to mitch mcconnell in part and also up to john boehner who may be asked before it's over to put on the floor of the house a bill that lacks support of the majority of his own membe
no signs of progress and the republican leadership aide in the senate, mitch mcconnell is going to be crucial to a potential last minute breakthrough. we haven't heard anything from the democrats. so at this moment, we're at a stalemate but things can come together quickly if people start to get desperate and politicians start to worry that they will get blamed for a very adverse reaction in the markets and the economy generally. >> some people i've talked to today suggested the mere fact...
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Dec 29, 2012
12/12
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. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with is going to be imperfect and some people aren't going to like it. some people will like it less, but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. and we're going to do the best we can for the caucuses that we have and the country that's waiting for us to make a de
. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be...
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Dec 29, 2012
12/12
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mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a grant, he could face a primary fight if this thing -- >> you touched on one of the great sub plots of these entire negotiations is personal things that boehner and mcconnell have in these negotiations. obviously, mcconnell doesn't want to have someone on the right come after him because he was in favor of a tax hike and john boehner's re-election as speaker of the house. and that would come across as a vote of no confidence. very embarrassing and they don't expect it happening and there's a lot at stake for mitch mcconnell and john boehner personally. great point you brought up. >> if t
mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a...
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Dec 30, 2012
12/12
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WGN
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. >> senator mitch mcconnell was seen arriving on capitol hill hours after congressional leaders met with obama. >> we will be working hard to see if we can get there in the next 24 hours. i'm hopeful and optimistic. >> missouri senator ray blunt says that politicians on both sides have irresponsibility, but tax hikes will not do much to address the nation's debt. >> it will not pay one-third of the annual interest now on this massive $16 trillion debt. >> the house returns to washington sunday evening when the before a deal needs to be reached. it is likely that negotiators will be burning the midnight oil. >> a 23-year-old indian woman who was raped and viciously beaten in new delhi has died from her injuries. her body is being flown back to new delhi from singapore were she was being treated. in an unprecedented display of grief and anger, protesters are mourning her death. the victim, a medical student has not been identified. the protesters have vowed that her death will not be in vain. in new delhi, a report -- it is reported on average every 15 hours. >> it is the kind of inse
. >> senator mitch mcconnell was seen arriving on capitol hill hours after congressional leaders met with obama. >> we will be working hard to see if we can get there in the next 24 hours. i'm hopeful and optimistic. >> missouri senator ray blunt says that politicians on both sides have irresponsibility, but tax hikes will not do much to address the nation's debt. >> it will not pay one-third of the annual interest now on this massive $16 trillion debt. >> the...
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Dec 27, 2012
12/12
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FBC
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it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they are not here. john boner cared more about his speakership than the financial footing. >> they're now working on a fiscal clear solutions they say the majority leader should talk less and legislate more. also mitch mcconnell says the leader is happy to review with the president what he has in mind but that a majority has not put forward a plan. when they do members will review legislation to make decisions on how fast -- best to proceed. >> it takes time for the house and senate to get something done. if there is a solution agreed to buy political leaders it could tak
it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they...
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Dec 31, 2012
12/12
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mcconnell is increase to 39.6 for income somewhere between 400 and $500,000 and probably 450,000. the estate tax would go up slightly from the level of 35% and current law scheduled to go up to 35 and would probably go up slightly to 40%. you are looking at one year extension of unemployment benefits pen you a honk do they defer across the board automatic budget cuts called sequester. as amman referred to, dekrats want at least one year for that to be turned off. initially asking for two years. republicans say, no, we will come up with cuts to offset that for 60 to 90 days. that's where things are going. the problem is you can't consider any one part of the agreement done until they are all done because there's an inner play on cap gains and dividends by the way, looking at going from 15% on both which is current policy to 20% on both. not the higher rate called for undercurrent law of 39.6% for dividends. 20% for both. this is something that both sides are going to have to consider. see if they can regard it as acceptable it their members. once we get a conclusion to those talks,
mcconnell is increase to 39.6 for income somewhere between 400 and $500,000 and probably 450,000. the estate tax would go up slightly from the level of 35% and current law scheduled to go up to 35 and would probably go up slightly to 40%. you are looking at one year extension of unemployment benefits pen you a honk do they defer across the board automatic budget cuts called sequester. as amman referred to, dekrats want at least one year for that to be turned off. initially asking for two years....
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Dec 29, 2012
12/12
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mitch mcconnell and harry reid have a pretty good personal relationship. they each will privately tell you that they're friends, they actually like each other, and they're both here in washington having some pretty serious discussions about what they can have that passes the senate. can that actually pass the house in time for the deadline is another question. you're going to have lawmakers coming back late sunday night. they have a lot of other things they actually have to tend to. so what ends up happening? is it very possible right now it seems the calculus for a lot of these members is to let the tax cuts expire and then come back and do some sort of patch. >> you think that's our best case scenario? do you agree with that, david, the scenario? we go off the cliff. someone suggested this morning we go off the cliff just a little bit. we don't bungy jump off the cliff. we fall a few feet. then they fix it after a few days and say we have put in tax cuts. is that the most likely scenario you see? >> there's a lot of people on both sides that have talked
mitch mcconnell and harry reid have a pretty good personal relationship. they each will privately tell you that they're friends, they actually like each other, and they're both here in washington having some pretty serious discussions about what they can have that passes the senate. can that actually pass the house in time for the deadline is another question. you're going to have lawmakers coming back late sunday night. they have a lot of other things they actually have to tend to. so what...
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Dec 28, 2012
12/12
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KPIX
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president obama, john boehner, nancy pelosi and harry reid, many mitch -- mitch mcconnell all in one room. danielle nottingham tells us it maybe the last chance to get any kind of agreement to avoid that fiscal cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last minute agreement to avoid automatic spending cuts and tax increases due to kick in january 1st. >> probably the worst case scenario will come out of this meeting today and that is we will kick the can down the road. >> reporter: senator bob courter told cbs this morning he predicts the meeting will bring only a temporary solution. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something. let me just say one more time this is a total dereliction of duty at every level. >> reporter: going over the cliff would
president obama, john boehner, nancy pelosi and harry reid, many mitch -- mitch mcconnell all in one room. danielle nottingham tells us it maybe the last chance to get any kind of agreement to avoid that fiscal cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the...
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Dec 27, 2012
12/12
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mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and bolts that are deemed the bare minimum that the president wants to see done before we hit january 1st. i've got to tell you, though, getting back to the votes, the votes simply aren't there in the house of representatives for that. they're likely not even there in the senate, so we're back at square one, amazing as it is to say at this point, thomas. >> when we talk about what we know about the president, as we expect him to
mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to...
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Dec 28, 2012
12/12
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and tonight, senator mitch mcconnell said that he was interested in hearing what the president proposes, elizabeth. >> sounds like right now there's a lot of finger- pointing but not a lot of problem-solving. >> reporter: exactly. and both sides again today, house speaker john boehner, he was saying that to his house republicans on the conference call he said, look, the house has already acted on this problem. it's passed two bills. it's up to the senate to actually present some legislation and move on it. he said the house is more than willing to act on anything the senate passes. they just have to do it now. >>> all that "fiscal cliff" talk gave wall street a wild ride today. the dow erased most of its 150- point deficit after promising news from washington. it ended up closing down 18 points. the nasdaq and s&p also closed down a bit. >>> just in tonight, america has lost one of its most decorated and beloved war heroes. general norman schwartzkopf died today. he raised as an army brat spent his life in the military. in vietnam he famously rescued fellow soldiers by marking land mine
and tonight, senator mitch mcconnell said that he was interested in hearing what the president proposes, elizabeth. >> sounds like right now there's a lot of finger- pointing but not a lot of problem-solving. >> reporter: exactly. and both sides again today, house speaker john boehner, he was saying that to his house republicans on the conference call he said, look, the house has already acted on this problem. it's passed two bills. it's up to the senate to actually present some...
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Dec 30, 2012
12/12
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vice-president joe biden talking with the senate republican leader mitch mcconnell this afternoon. perhaps proof of how dire the circumstances are, president obama took to the sunday show, potentially setting when we careen off the cliff, and in congress. less than 48 hours from falling off the cliff, president obama is putting the blame on republicans. >> the offers i have made them are so fair that a lot of democrats get mad at me. >> on his first sunday show appearance since 2009, the president said just a day ago that he was optimistic that a short-term deal could be reached. now, not so much. >> what we're seeing here is a monumental failure of presidential leadership. >> the better back-and-forth continues to be over how to cut spending and what the income threshold to be for who gets a tax hike. >> what i am arguing for is maintaining tax cuts for 90% of americans. i did not think anybody would consider that and liberal, left- wing agenda. >> republicans say their agenda, not stifling an already fragile economy with tax hikes on those who are behind small business. >> the hi
vice-president joe biden talking with the senate republican leader mitch mcconnell this afternoon. perhaps proof of how dire the circumstances are, president obama took to the sunday show, potentially setting when we careen off the cliff, and in congress. less than 48 hours from falling off the cliff, president obama is putting the blame on republicans. >> the offers i have made them are so fair that a lot of democrats get mad at me. >> on his first sunday show appearance since...
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Dec 31, 2012
12/12
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vice president joe biden -- talked to minority leader mitch mcconnell several times today...in an effort to break the stalemate. hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on. i hope by the end of day tomorrow night, we can celebrate the end of this year and the beginning of a new year with good news for the american people." the senate adjourned for the nine and will reconvene tomorrow at 11:00 a.m. eastern time. even if it some type of deficit deal is reached the there will be just hours left to get it passed through both chambers of cocongress >> secretary of state hillary clinton is in the hospital in new york tonight with a blood clot related to a concussion she suffered earlier this month. doctors discovered the blood clot during a routine follow up exam today. mrs. clinton is being treated with anti-coagulants. she will remain in the hospital for at least 48 hours, so doctors can monitor her condition. mrs. clinton suffered the concussion while battling a stomach flu,
vice president joe biden -- talked to minority leader mitch mcconnell several times today...in an effort to break the stalemate. hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on. i hope by the end of day tomorrow night, we can celebrate the end of this year and the beginning of a new year with good news for the american people." the senate adjourned for the nine and will...
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Dec 31, 2012
12/12
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senator mitch mcconnell saying pretty much the exact same
senator mitch mcconnell saying pretty much the exact same
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Jan 1, 2013
01/13
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WBAL
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he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew that if we did nothing they would be going up on everyone. >> reporter: the senate voted to reverse are today's tax hikes on 98% of americans. but to keep the higher rate, on families making over $450,000. president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind, just last month, republicans in congress said they would never agree to raise tax rates on wealthiest republicans. >> reporter: only 5% said no. >> americans will wake up today to be sure that their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his might not go along. boehner sent republicans home to celebrate the new year without the fiscal cliff. >> everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while the house takes up maybe later today, whether to follow the senate's lead and hike taxes on the wealth. from capitol hill, i'm steve handelsman, nbc news.
he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew that if we did nothing they would be going up on everyone. >> reporter: the senate voted to reverse are today's tax hikes on 98% of americans. but to keep the higher rate, on families making over $450,000. president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind, just last month,...
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Jan 1, 2013
01/13
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WMAR
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. >> reporter: mitch mcconnell said republicans agreed rather than let middle class suffer. >> we don't think taxes should be going up on anyone but we all knew that if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> reporter: the house reconvenes at noon and is expected to take up the measure at that time. i am ed payne reporting. >>> many couples have been waiting a lifetime for this day. today, same sex couples can legally marry here in maryland. the measure was approved by voters back in november and sherrie johnson is live at city hall where some couples have already tied the knot. it's just five after six. >> reporter: that's right. a big day here in maryland. about 7 same sex couples tied the knot here at city hall in downtown baltimore. a historic day and baltimore mayor stephanie rawlings blake was actually the host of some of the first marriages for same sex couples in the state of maryland. she performed the very first ceremony. the couples brought friends and family to take part in the historic event. new year's day will have
. >> reporter: mitch mcconnell said republicans agreed rather than let middle class suffer. >> we don't think taxes should be going up on anyone but we all knew that if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> reporter: the house reconvenes at noon and is expected to take up the measure at that time. i am ed payne reporting. >>> many couples have been waiting a lifetime for this day. today, same sex couples can...
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Dec 27, 2012
12/12
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FBC
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both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep boring people wit
both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right....
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Jan 1, 2013
01/13
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WMAR
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of course vice president joe biden as well as senate republican leader mitch mcconnell were key in negotiating this deal. they are being referred to as the closeers here. so this all happened last night. joe biden met with fellow democrats and briefed them on where they were as far as the compromise. legislation was then drawn up and the senate met arounded 2 -- did around the 2:00 hour and cast the votes and that's where we are today. now, we are not out of the woods yet because the house still need to vote on this measure. and they will not return to capitol hill until noon so we don't know how the story ends just quite as yet charley. >> renee as we understand yesterday presidentth president addressed the nation at 1:30 and this was on new year's eve he was surrounded by a few supporters. he came out for about 15 minutes and made some remarks. this was a direct message was it not to members of congress saying get a deal done. >> reporter: it was. and we saw backlash just moments after the president came out and spoke. there were some senators who felt as if that was not the right time for t
of course vice president joe biden as well as senate republican leader mitch mcconnell were key in negotiating this deal. they are being referred to as the closeers here. so this all happened last night. joe biden met with fellow democrats and briefed them on where they were as far as the compromise. legislation was then drawn up and the senate met arounded 2 -- did around the 2:00 hour and cast the votes and that's where we are today. now, we are not out of the woods yet because the house...
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Dec 29, 2012
12/12
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mitch mcconnell and his democratic counterpart harry reid are supposed to keep talking tomorrow there could be a breakthrough by the end of this weekend but the president has repeatedly demanded for the extension of tax cuts below $250,000. illinois comptroller judy thinks that the impact on illinois could be as high as $1 billion if lawmakers don't strike a deal before the deadline. social security and income tax increases would lower the state's revenue by up to 5 billion. this is all coming down the pipe because we have yahoos in congress who can't sit down and to do the job. pessimism helped push stocks down friday for a fifth straight day the industrial average dropped 158 points. paul lisnek says lawmakers know what's at stake if we passed the deadline with no deal. >>, chris can peddle their way back the economy may not be able to withstand the pressure, it's too fragile so i really believe that members of congress will actually put the needs and the welfare of the country ahead of their own political future. >> we had a significant murder rate here in chicago the 500th person
mitch mcconnell and his democratic counterpart harry reid are supposed to keep talking tomorrow there could be a breakthrough by the end of this weekend but the president has repeatedly demanded for the extension of tax cuts below $250,000. illinois comptroller judy thinks that the impact on illinois could be as high as $1 billion if lawmakers don't strike a deal before the deadline. social security and income tax increases would lower the state's revenue by up to 5 billion. this is all coming...
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Dec 29, 2012
12/12
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and is it mitch mcconnell to the rescue. live in washington on the 11th hour negotiations. >> and did you know about to fall off the dairy cliff? >> juliet: have you seen the prices? >> dave: as high as 8 bucks a gallon for milk. >> clayton: oak ridge boys bush. special number tribute for number 41. "fox & friends" begins right now. >> am i wrong about that don't the have a deep voice? ♪ >> oak ridge boys have been on this show many times on "fox & friends." >> good morning, everyone. >> dave: good morning. juliet huddy celebrating an early new year's eve. is it new year's eve? >> juliet: sparkly shoes and everything. i feel like we are waking up at 4:00 in the morning on saturday i better be festive. >> clayton: that's what woke me up this morning. >> juliet: this is a beautiful set it has inspired me. >> dave: it's spectacular. >> juliet: it is. >> dave: it's fiscal cliff time. couple of days away. rare i wake up and say i'm moderately optimistic but that's what the president said. you are either optimistic or you are no
and is it mitch mcconnell to the rescue. live in washington on the 11th hour negotiations. >> and did you know about to fall off the dairy cliff? >> juliet: have you seen the prices? >> dave: as high as 8 bucks a gallon for milk. >> clayton: oak ridge boys bush. special number tribute for number 41. "fox & friends" begins right now. >> am i wrong about that don't the have a deep voice? ♪ >> oak ridge boys have been on this show many times on...
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Dec 31, 2012
12/12
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WJLA
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. >> reporter: minority leader mitch mcconnell called vice president biden in for help. biden is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. senate leaders continue to work on the stop gap bill, but sticking points remain. >> there's still significant difference between the two sides, but negotiations continue. >> reporter: reid said negotiation also continue through the night, with just hours left till that deadline. john and paula? >>> secretary of state hillary clinton is spending new year's eve in the hospital. during a checkup for her concussion, doctors discovered clinton developed a blood clot. now she's on medication. the medical experts we spoke with speculate that clinton may have developed the clot after days of inactivity due to the concussion. >> we wish her a speedy recovery. >>> m
. >> reporter: minority leader mitch mcconnell called vice president biden in for help. biden is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. senate leaders continue to work on the stop gap bill, but...
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Jan 1, 2013
01/13
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mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predicts. >> having been in the senate as long as i have, there are two things you shouldn't do. you shouldn't predict how the senate is going to vote before they vote. you won't make a lot of money. and number two, you surely shouldn't predict how the how is going to vote. i feel very, very good. >> reporter: if passed by the house, the deal would stop most tax increases and spending cuts aimed at the pentagon and domestic programs that were set to take effect today. >> i've said all along our most important priority was to protect the middle class families. this legislation does that. middle class families will wake up today to the assurance that their taxes won't go up. >> reporter: democratic senator tom harkin suggested the selection missed the mark. >> it does not address the number one priority, creating good middle class jobs now. secondly, this proposal does not generat
mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predicts. >> having been in the senate as long as i have, there are two things you shouldn't do. you shouldn't predict how the senate is going to vote before they vote. you won't make a lot of money. and number two, you surely shouldn't predict how the how is going to vote. i feel very, very good. >> reporter: if passed by the house, the deal would stop most tax...
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Jan 1, 2013
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for sure i think mitch mcconnell may be the unsung hero here, right? so until the last week or so he was very much taking a back seat to speaker boehner. now, there is some sense, no disreto anybody else in congress he is kind of the adult in the room on the republican side that decided a deal had to get done. knew how to do it calling in vice president biden. obviously they were able to kind of talk turkey in a way that got things done. i think really elevates his prestige even more. harry reid, again certainly in a position to obstruct something. he didn't. so could he have been more aggressive? perhaps so. i think this is kind of the outcome a lot of members of the senate, house, democrat and republican foresaw. i don't give any bad notes to harry reid on this. heather: okay. basically because he went quiet and stepping into his place and appeared to be vice president joe biden. >> biden is clear winner even eclipsing the president who yesterday almost had what democratic strategists call a leon lett moment. the dallas cowboy who spiked football bef
for sure i think mitch mcconnell may be the unsung hero here, right? so until the last week or so he was very much taking a back seat to speaker boehner. now, there is some sense, no disreto anybody else in congress he is kind of the adult in the room on the republican side that decided a deal had to get done. knew how to do it calling in vice president biden. obviously they were able to kind of talk turkey in a way that got things done. i think really elevates his prestige even more. harry...
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Dec 31, 2012
12/12
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the two senate leaders, harry reid and mitch mcconnell are working on a stop-gap bill. >> at some point it appears there are things that stop us from moving forward. i hope we're not there, but we're getting real close. >> i want everyone to know i'm willing to get this done but i need a dance partner. >> the legislation would prevent tax increase for roughly 98% of american workers, extend unemployment benefits set to expire for some two million people, and prevent a huge cut in payments to medicare doctors. >> we should go ahead and introduce legs that would make sure middle class taxes stay where they are and should be an up or down vote. >> a deal won't necessarily pass congress by monday night. if it doesn't, virtually everybody's income taxes will go up. the average family would pay an extra $3,462 in 2014. and farm programs would expire, potentially doubling the price of milk, and if congress doesn't pass new bill? >> we'll come back with a new congress on january 4th and the first bill on the floor will be to cut taxes on middle class families. >> the bargaining continues tonigh
the two senate leaders, harry reid and mitch mcconnell are working on a stop-gap bill. >> at some point it appears there are things that stop us from moving forward. i hope we're not there, but we're getting real close. >> i want everyone to know i'm willing to get this done but i need a dance partner. >> the legislation would prevent tax increase for roughly 98% of american workers, extend unemployment benefits set to expire for some two million people, and prevent a huge cut...
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Dec 30, 2012
12/12
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the question is whether minority leader mitch mcconnell and majority leader harry reid can draft a bill that will pass the house. any bill that does come up for a vote tomorrow or monday will likely not address massive spending cuts but lawmakers are trying to avoid tax increases for most americans. nbc's david gregory talked to president obama about negotiations today in an interview that airs on "meet the press" tomorrow. the president continues to be optimistic but he, i think, in part is doing the interview on "meet the press" because he wants to keep the pressure on republicans to get something done and made very clear in the course of the interview that there's a political cost to be paid if there is not a deal. you can see the full interview with the president from the white house tomorrow morning on "meet the press" at 10:30 right here on nbc 4. >>> some good news for former president george h.w. bush tonight. he's out of intensive care. the 88-year-old's been in the hospital for five weeks now. he was recovering from bronchitis last weekend when he developed a fever and was mov
the question is whether minority leader mitch mcconnell and majority leader harry reid can draft a bill that will pass the house. any bill that does come up for a vote tomorrow or monday will likely not address massive spending cuts but lawmakers are trying to avoid tax increases for most americans. nbc's david gregory talked to president obama about negotiations today in an interview that airs on "meet the press" tomorrow. the president continues to be optimistic but he, i think, in...
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Jan 1, 2013
01/13
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on sunday morning mitch mcconnell calls joe biden. they get together, offers are traded back and forth, and presto, voila, they come up with a deal and they put it on the floor and it sets those thresholds at $400,000 and $450,000 and it's passed at 2:00 last night and so it comes to the house republicans who have met all morning. joe biden incidentally was back on the hill this morning meeting behind closed doors with democrats who are pretty much bystanders to a republican political train wreck at this point. nancy pelosi says the bill representing gigantic progress, that's fine, but this is really on republicans right now. and people are looking at it, i'm already hearing people looking at what house republicans are doing and saying, look, you abdicated your responsibility to write a bill. you punted over to the senate, and now you're going to throw a monkey wrench into this whole thing and make us come back perhaps in a new congress with a clean legislative slate. so it is a very dangerous not only economic situation here that we'
on sunday morning mitch mcconnell calls joe biden. they get together, offers are traded back and forth, and presto, voila, they come up with a deal and they put it on the floor and it sets those thresholds at $400,000 and $450,000 and it's passed at 2:00 last night and so it comes to the house republicans who have met all morning. joe biden incidentally was back on the hill this morning meeting behind closed doors with democrats who are pretty much bystanders to a republican political train...
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Jan 1, 2013
01/13
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mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. we all knew that if we did nothing that would be going up on everyone. >> the senate voted to reverse % ofy's tax hikes on 98 americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> only five senate republicans voted no. >> middle-class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. house speaker and his members might not go along. john boehner sent house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. the house takes up whether to follow the senate's lead and hike taxes on the wealthy. steve handelsman, nbc news. >> the first same-sex couples work legally wed in a ceremony at city hall this morning. >> kim dacey is live this
mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. we all knew that if we did nothing that would be going up on everyone. >> the senate voted to reverse % ofy's tax hikes on 98 americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans....
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Dec 24, 2012
12/12
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mitch mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesman told me this morning nothing new to report. we don't know what senator reid plans to bring to the senate for a vote. >> truth of the matter is if we do fall off the cliff, he will come back, propose just what he proposed yesterday leaving washington, and will end up adopting at the washed up at the market in such turmoil and the lack of confidence, why don't we go ahead and act now. >> most numbers are used to spending the christmas to new year's at home, it is time to go back to the table. if anybody sees these representatives from the house in line shops are getting their christmas turkey wish them a merry christmas, civil and say go back to the table, not her own table, the table in washington. >> so there's a group of senate republicans who would vote for taxes on wealthier taxpayers now to get that done, avoid the cliff, move on and fight for spending cuts when the president asks to raise the debt ceiling in february or march. the president and speaker said it will cut
mitch mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesman told me this morning nothing new to report. we don't know what senator reid plans to bring to the senate for a vote. >> truth of the matter is if we do fall off the cliff, he will come back, propose just what he proposed yesterday leaving washington, and will end up adopting at the washed up at the market in such turmoil and the lack of confidence, why don't we go ahead and act...
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Dec 28, 2012
12/12
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KPIX
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obama will hold a "fiscal cliff" summit with nancy pelosi, john boehner, mitch mcconnell and harry reid and today's meeting may be the last realistic chance to come to an agreement before the end of the year. >> here we are five days from the new year and we might finally start talking. >> i don't know how it could happen time-wise. >> it could make its way through procedural hurdles every time only if every senator agrees not slow down the process. of the house won't be back in session until sunday night. >>> a former bay area city councilman is about to learn firsthand how washington works or doesn't. 31-year-old newly elected congressman is heading into a capitol hill quagmire. he said he is ready to bring small town solutions to capitol hill to help prevent and avoidable "fiscal cliff. >> i'm confident there can still be a buzzer beater here where we can beat the clock and deliver on middle class taxes. >> congressman swalwell will be the second youngest member congress to be sworn in on january 3. he leaves sunday for d.c. to pick up his new keys to his office. >> good luck. >>> ne
obama will hold a "fiscal cliff" summit with nancy pelosi, john boehner, mitch mcconnell and harry reid and today's meeting may be the last realistic chance to come to an agreement before the end of the year. >> here we are five days from the new year and we might finally start talking. >> i don't know how it could happen time-wise. >> it could make its way through procedural hurdles every time only if every senator agrees not slow down the process. of the house...
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Dec 29, 2012
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. >> reporter: for the first time, republican leader mitch mcconnell described himself as hopeful and optimistic. ptime had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself nd the white house, in the hopes that we can come forward as early as sunday and have a makemendation that i can make to my conference, and the majority leader can make to his conference. r: teporter: the progress came as members on both sides were growing doubtful congress could get anything done before the deadline. .ebraska democrat ben nelson: >> if we don't have a deal within the next 24 hours, the question is, where do you buy a parachute? it looks like we'd be going over we cliff. >> reporter: but leader reid had this warning about the shape of iddeal to come. >> everybody, whatever we come te with is going to be imperfect and some people aren't going to ren' it. some people will like it less, but that's where we are. >> reporter: up until now, reid and mcconnell have kind of been sitting on the sidelines as the ndesident and speaker boehner tried but fail
. >> reporter: for the first time, republican leader mitch mcconnell described himself as hopeful and optimistic. ptime had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself nd the white house, in the hopes that we can come forward as early as sunday and have a makemendation that i can make to my conference, and the majority leader can make to his conference. r: teporter: the progress came as members on both sides were growing doubtful...
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Dec 29, 2012
12/12
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and then i'm told that mitch mcconnell and harry reid, the democratic leader in the senate jumped in before john boehner really got a chance to fully respond and say, look, we will take the ball and try to pass a bipartisan bill in the senate. the president responded by saying i will give you a day or two but we're running out of time. if you don't get it done in the senate. i want an up or down vote. then he came out and addressed reporters in the briefing room it is clear that the president is only cautiously optimistic that this is going to take a look. take a listen. >> it if there are disagreements they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. it needs to stop. i'm moderately optimistic that an agreement can be achieved. >> the president realizes after weeks of saying no they will get it done at the first time. they realize for the first time we may go off the cliff. harris. >> harris: they do call them experts for a reason the ones telling us this would be coming. >> plan a was basically the dramati
and then i'm told that mitch mcconnell and harry reid, the democratic leader in the senate jumped in before john boehner really got a chance to fully respond and say, look, we will take the ball and try to pass a bipartisan bill in the senate. the president responded by saying i will give you a day or two but we're running out of time. if you don't get it done in the senate. i want an up or down vote. then he came out and addressed reporters in the briefing room it is clear that the president...
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Dec 31, 2012
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. >> reporter: with that harry reid and mitch mcconnell launched a last-ditch effort to craft a bipartisan plan to that would at the very least, protect most people from a big tax hike going into effect on new year's day. the senators and their staffs negotiated all day saturday. saturday night republican leader mcconnell made his offer. by this morning, a clear sense of optimism and warnings that failure would be unthinkable. >> there are certainly no breakthroughs yet, but there's a real possibility of a deal. >> if we are not able to reach an agreement, it will be dire. >> reporter: but the morning's optimism turned into the afternoon's pessimism. the senate opened for business at 1:00 p.m. with the ominous prayer from the chaplain. >> look with favor on our nation and save us from self-inflicted wounds. >> reporter: soon democratic leader reed acknowledged he had not been able to make a counteroffer to republicans. >> it's just that we're apart on some pretty big issues. >> reporter: grfrt -- frustrated with the impasse, republican mcconnell said he called vice president biden, urging
. >> reporter: with that harry reid and mitch mcconnell launched a last-ditch effort to craft a bipartisan plan to that would at the very least, protect most people from a big tax hike going into effect on new year's day. the senators and their staffs negotiated all day saturday. saturday night republican leader mcconnell made his offer. by this morning, a clear sense of optimism and warnings that failure would be unthinkable. >> there are certainly no breakthroughs yet, but there's...
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Dec 27, 2012
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also, one has been the role of senator mitch mcconnell? guest: the line that comes from the speakers office all the time is the line of communication remain open. i don't know how much talking they did as the president was in hawaii spending time with his family and the speaker was back home in ohio, i believe. i don't know that for sure. everyone was doing their family time and not really working that significantly on something. i think there was probably some minimal conversation, but not a lot. as for the senate minority leader mitch mcconnell, i think that is a good one. a lot has been made in the past few days about him taking a higher profile role in these negotiations. while i don't like prognosticating into the future, we can look at the past in some of the previous negotiations of congress and the kind of role he has played. almost all of these talks, whether it was about government shutdown in the spring of 2011 or the debt limit debate in the summer of 2011 or the payroll tax-cut debate last year, those negotiations started at a
also, one has been the role of senator mitch mcconnell? guest: the line that comes from the speakers office all the time is the line of communication remain open. i don't know how much talking they did as the president was in hawaii spending time with his family and the speaker was back home in ohio, i believe. i don't know that for sure. everyone was doing their family time and not really working that significantly on something. i think there was probably some minimal conversation, but not a...
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and we've learn that had biden and senate republican leader mitch mcconnell reached an agreement just minutes ago. abc 7 news mark matthews is monitoring developments in washington and will be bringing us latest developments. >> still to come at 6:00 it's in the bag. the bay area folks about to see big changes when they hit the checkout stand tomorrow, is that you?. >> did you receive a new cell phone for the holidays? i've got an idea on what to do with the old phone. put to it good use. i'm michael finney. 7 on your side is coming up. >> they're cutting edge. i think they're doing things differently going shake up the world. >> the young businessman making a name for themselves in wine country. they're not afraid of labels. >>> anybodying to the grocery store tomorrow is going to mts a big change. new year's day marks the end of the plastic bag in stores there. abc 7 news joins us from oakland. this is a growing trend around the bay and the nation it is. there is some debate about how % whit comes to the environmental benefits, that said, most think it's a good idea. if they can onl
and we've learn that had biden and senate republican leader mitch mcconnell reached an agreement just minutes ago. abc 7 news mark matthews is monitoring developments in washington and will be bringing us latest developments. >> still to come at 6:00 it's in the bag. the bay area folks about to see big changes when they hit the checkout stand tomorrow, is that you?. >> did you receive a new cell phone for the holidays? i've got an idea on what to do with the old phone. put to it...
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Dec 24, 2012
12/12
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mitch mcconnell is critical to hammer out a deal in the senate because he can filibuster anything. his spokesman said "nothing new to report. we do not know yet what senator reed plans to bring to the senate for a vote." >> if you want leaders, then, you have to lead. the president has been a pathetic leader. i would vote for revenues, including tax rate hikes even though i do not like them to save the country from becoming greece. i will not set aside the $1.2 trillion in cuts. >> i know it is hard for republicans. the president ran on a platform. 250. he won 60% of the voters. peter: we will see what senator reid puts on the floor on thursday. we will see if it is something that some of these republicans can vote for, ashley, and see if that can avoid the fiscal cliff. the president and speaker both that they will cut their vacations short and return to washington this week to keep trying to work something out. ashley: i am surprised you got anyone would you made those calls today, peter. time is running out. peter barnes nbc. peter, thank you very much. ashley: a fox business ex
mitch mcconnell is critical to hammer out a deal in the senate because he can filibuster anything. his spokesman said "nothing new to report. we do not know yet what senator reed plans to bring to the senate for a vote." >> if you want leaders, then, you have to lead. the president has been a pathetic leader. i would vote for revenues, including tax rate hikes even though i do not like them to save the country from becoming greece. i will not set aside the $1.2 trillion in cuts....
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Jan 1, 2013
01/13
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WUSA
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mcconnell and vice president joe biden. it contains no major cuts partly because the speaker himself pulled out of talks with the president last month over a grand bargain that would have cut nearly a trillion dollars in spenting. we asked louisiana republican john fleming about that. this bill makes a lot of tax cuts that republicans like permanent. why not claim victory and then work on spending cuts in the next two months? >> well, that was discussed. and you're right. it makes some things permanent. particularly in the estate tax area. it's permanent fix to the a.m.t.. so there are some actual things we do like about it. but as a whole we don't like other parts of it that we think are going to be devastating to the economy and jobs. >> reporter: congressman steny hoyer and other democratic leaders urged republicans to hold a vote on the bill as is. tonight. >> the definition of compromise has elements in it that each party does not like. >> reporter: and senate democrats are threatening not to take up the bill again if
mcconnell and vice president joe biden. it contains no major cuts partly because the speaker himself pulled out of talks with the president last month over a grand bargain that would have cut nearly a trillion dollars in spenting. we asked louisiana republican john fleming about that. this bill makes a lot of tax cuts that republicans like permanent. why not claim victory and then work on spending cuts in the next two months? >> well, that was discussed. and you're right. it makes some...
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Dec 28, 2012
12/12
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CNNW
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republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it to the house floor for a vote before new year'
republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called...
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Dec 28, 2012
12/12
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also, mitch mcconnell, the minority leader, the president, and harry reid. everyone will be in play, and we will cover that for you. finally, good news for all you hot heads out there. in the study reveals that being hot tempers and expressing anger is good for you. it can add up to two years to your life span. after analyzing six dozen people, researchers from entering university conclude that overtime self restraint and holding back-oceans could cause you to develop serious health publications, high blood pressure, heart disease, kidney damage, and even cancer. bottom line, for the death your health express yourself. if you're angry, let it all out. don't hold the pack. expressing your emotions could be just the key to that enjoyed a long and healthy life. that's my "2 cents more." thanks for joining is. don't forget to record the show if you cannot catch us live. have a great night and will see you tomorrow. ♪ lou: good evening. the pounding, deafening drumbeat for gun control is rising. emanating principally from washington, the present, and members of
also, mitch mcconnell, the minority leader, the president, and harry reid. everyone will be in play, and we will cover that for you. finally, good news for all you hot heads out there. in the study reveals that being hot tempers and expressing anger is good for you. it can add up to two years to your life span. after analyzing six dozen people, researchers from entering university conclude that overtime self restraint and holding back-oceans could cause you to develop serious health...
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. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment benefits for 2 million people. and automatic spending cuts that go into effect will be postponed for two months and paid for by other spending cuts. the house could take up the deal tomorrow. taxpayers would have felt the impact of the fiscal cliff immediately. if the deal passes, the average american family would avoid a tax increase of more than $3,400. a white house official said this is a compromise, so we don't love it but it's the right thing to do for the economy. back to you. >> and the fiscal cliff isn't the only financial crisis the nation could be facing. the u.s. has hit the debt ceiling. the government hit more than $16 trillion borrowing limit last night. that means the treasury department can only shift assets around for another six to eight weeks or the government can no
. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment benefits for 2 million people. and automatic spending cuts that go into effect will be postponed for two months and paid for by other spending cuts. the house could take up the deal tomorrow....
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Dec 29, 2012
12/12
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he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a whit
he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a whit
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Dec 28, 2012
12/12
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FBC
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the deal would be made by mitch mcconnell, he is the deal maker for the house and senate on fiscal issues. he talked last night like he had an offer from the president, that was denied by everybody this morning. my guess is this is for show. if there is a deal you will hear about it at 7:00 or 8:00 this evening as legislation popped onto the clerk's office in the senate hopefully getting up before midnight so they can pass in to order. what they ought to do is take bills the have already been passed by the house, the senate should amend those and pass those to the house today or tomorrow and get the business taken care of. those are pretty good bill that could be amended but we have not seen action from the senate so far. adam: three hundred million americans aged for the law into the potomac. thank you for being with us. bill beach from the heritage foundation. the white house meeting on the fiscal cliff is less than an hour away. we will tell you which companies will be first to get slammed by automatic spending cuts and tax hikes and still ahead a critical weekend for retailers, analys
the deal would be made by mitch mcconnell, he is the deal maker for the house and senate on fiscal issues. he talked last night like he had an offer from the president, that was denied by everybody this morning. my guess is this is for show. if there is a deal you will hear about it at 7:00 or 8:00 this evening as legislation popped onto the clerk's office in the senate hopefully getting up before midnight so they can pass in to order. what they ought to do is take bills the have already been...
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Dec 27, 2012
12/12
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we talked briefly about this earlier, but mitch mcconnell has a senate election in 2014. and if there's been one thing that's been noted over the past year, it's these crazy senate challengers have the chance of knocking off a person in the primary. and i'm assuming that mitch mcconnell knows that. >> this is great. this is great. we love this. tension at the convention of both ends of pennsylvania avenue, the white house, congress. this is terrific stuff. kurt, stay with us, okay? can you. we're begging you, begging you. >> you're adding gravitas to this. >>> we'll also bring in nbc news political director, chuck todd, also nbc white house correspo corresponde correspondent. >>> first, dylan dreyer with the forecast. >> we are going to see a good amount of snow across northern new england today. another one to two feet of snow possible. because of that, we do have winter storm warnings once again in effect. and this storm is just continuing to wreak havoc on the airports. that's the problem with the holiday travelers all taking up the flights that were all canceled yeste
we talked briefly about this earlier, but mitch mcconnell has a senate election in 2014. and if there's been one thing that's been noted over the past year, it's these crazy senate challengers have the chance of knocking off a person in the primary. and i'm assuming that mitch mcconnell knows that. >> this is great. this is great. we love this. tension at the convention of both ends of pennsylvania avenue, the white house, congress. this is terrific stuff. kurt, stay with us, okay? can...